Los Angeles daily herald., 1887-08-24

w NJ Osborn .=.............. 10 80
The exact amount in the list pre-
sented to the meeting was sos, $50. 1t
was stated that many persons sure to
contribute could not be seen owing to
their absence. Among the number
were persons and firms like Mr.. |. w.
Hellman and J. NJ. Griffith, who are
always foremost in any good work OF
this kind and the w. II. Perry Mill
Co., whose subscription is as certain
us if it were on the books.
Later, Col. Boyce called at
the HERALD Office and brought IN
additions sufficient to make up the
full amount. In the list above 800, ,275
is put down. There is subscription
of $3.50 which the Colonel mislaid
making the said sum.
The above report was received and
placed on file, and the committee dis
charged. The meeting also passed a
resolution as the representative OF the
people of Los Angeles, rendering the
committee their most cordial thanks
for the very thorough and efficient
manner in which they had performed
the duties devolved upon them in this
matter.
THE NEXT STEPS.
At this iuncture question arose as
to what further steps should
be taken. Judge Reddick and
Colonel Boyce outlined the policy
as being somewhat as follows: Most
of those subscribing understood that
they were giving donation towards
the erection OF the hotel. The bond
to be given in lieu of this money was
not looked upon as IL direct invest
ment. 1t was to get the hotel. Many
citizens stand willing to give $4,000 or
even SO, 900 for the purpose. But it
is thought that this 100000 will suf-
flee to induce some one to build the
house. 1t is expected that
wherever the site is fixed the
property holders thereabouts will sub
scribe for at least second series OF
bonds to the amount of 500, 900.
With 100000 in hand, there will be
no difficulty in getting some one to
step in and furnish money to pay for
the site, say 100000, and supply the
other moiety of 100000 requisite to
put up the hotel. Judge Reddick
said he understood that A. II. Denker
and his associates who own 20 acres
on Main street are ready to do this,
because he knows he can
sell lots enough in a week
to build the house. He did
not favor the site himself, and would
give more money to see 1t go west
of Spring street, but there were others
who would be before the meeting with
their propositions, and probably the
subscribers to the first series OF bonds
will have several locations to select
from, any one of which will be good
for $i0O, 900, and where there will be
no trouble to get a good hotel man
to relieve the public of all further
trouble.
After considerable debate on many
suggestions it was finally decided that
meeting should be held next Tues
day afternoon, at 3 o'clock, in the
Board of Trade rooms, when the
subscribers to the first series
of stock, as represented above
shall assemble and open all
proposals for the site, and do such
other business as may properly come
before that meeting. In all the city
dailies there may be found to-day al
advertisement of the committee
which was reorganized for this pur-
pose, calling for such proposals with
specific tenders of such amount
OF stock as may be forth
coming for each. 1t is un'
derstood that the public il
by no means excluded from this meet
ing. On the contrary, all those who
feel an interest in the erection of the
great caravansary are most cordially
invited to be present, and aid by theil
suggestions. The proceedings to be
had are of course in the main in the
nature of business proposition, anc
only actual subscribers to the stock are
expected to vote on motions.
The general meeting adjourned SIM
die.